52 Pieces Of Business Advice From Successful Entrepreneurs

People always ask me for business advice and whilst I’m certainly no expert, I’ve picked up a couple of things over the last 5 years. So, here are some things I’ve learnt and along with the best advice I’ve received from people far more successful than me…

 


 

52 Pieces of Business Advice from Successful Entrepreneurs | UK Lifestyle Blog

πŸ‘‰ There’s never a right time to start a business – just do it!

 

πŸ‘‰ Make sure you have a financial safety net before you quit your job

 

πŸ‘‰ Force yourself to go to networking – it’s worth it

 

πŸ‘‰ Research free mentoring and business skill workshops in your area

 

πŸ‘‰ Don’t run to get a business loan, see how profitable it is first

 

πŸ‘‰ Get an accountant, they’re worth their weight in gold

 

πŸ‘‰ Speak to a professional before going Ltd – it comes with challenges

 

πŸ‘‰ Try not to rely on one big client

 

πŸ‘‰ Do your research on invoicing platforms from the get-go

 

πŸ‘‰ Freelance or business owner, always have a separate bank account

 

πŸ‘‰ Check your digital footprint before promoting your name

 

πŸ‘‰ If you’re choosing a business name, check it hasn’t been taken

 

52 Pieces of Business Advice from Successful Entrepreneurs | UK Lifestyle Blog

 

πŸ‘‰ Find yourself a business mentor that you trust

 

πŸ‘‰ Don’t work in the evenings or the weekends – take a break

 

πŸ‘‰ Start using a project management system from day 1

 

πŸ‘‰ Track and celebrate your successes, no matter how small

 

πŸ‘‰ Religiously use your calendar to set meetings

 

πŸ‘‰ Start your day by planning out your tasks

 

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πŸ‘‰ Don’t forget about expenses and always collect receipts

 

πŸ‘‰ Always get a down payment or payment upfront

 

πŸ‘‰ Make sure your LinkedIn and other social media channels are up to date

 

πŸ‘‰ Get into the habit of time-tracking when you’re working

 

πŸ‘‰ Ask your first few clients for testimonials, they’re so important

 

πŸ‘‰ Always save % of your earnings for tax

 

52 Pieces of Business Advice from Successful Entrepreneurs | UK Lifestyle Blog

 

πŸ‘‰ Stop comparing yourself to your competitors

 

πŸ‘‰ Set yourself a routine

 

πŸ‘‰ Some people find it lonely, research co-working spaces if this is you

 

πŸ‘‰ Get yourself some business insurance

 

πŸ‘‰ Remember you have two ears and one mouth for a reason

 

πŸ‘‰ Automate your invoice reminders

 

πŸ‘‰ Careful to monitor when you reach the VAT threshold

 

πŸ‘‰ Always get a signed Statement of Work before you start working

 

πŸ‘‰ Check-in with yourself and make sure you’re happy and healthy

 

πŸ‘‰ Subscribe to business and freelancing podcasts

 

πŸ‘‰ Under-promise and over-deliver

 

πŸ‘‰ Keep an archive of past work that’s well organised

 

πŸ‘‰ Consider taking a business course online

 

πŸ‘‰ Never sell your time by the hour, set a project or day rate

 

πŸ‘‰ Find freelance friends that you can relate to

 

πŸ‘‰ Get back to your clients in less than 48 hours

 

52 Pieces of Business Advice from Successful Entrepreneurs | UK Lifestyle Blog

 

πŸ‘‰ Create processes and templates whenever you start something new

 

πŸ‘‰ Always be completely honest with clients and suppliers

 

πŸ‘‰ Turn notifications off on your phone, it’ll drive you crazy otherwise

 

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πŸ‘‰ Make sure you have solid contracts

 

πŸ‘‰ Read as much as possible – both online and offline

 

πŸ‘‰ Keep communication going with you and your clients

 

πŸ‘‰ Don’t lower your prices, instead, tweak your offering

 

πŸ‘‰ You should never feel bad chasing invoices

 

πŸ‘‰ Never, ever work for free – trust me, you don’t need to

 

πŸ‘‰ Automate onboarding when you begin starting with a new client

 

πŸ‘‰ Remember to increase your prices every few months

 

πŸ‘‰ You’re allowed to say β€˜no’ to prospective clients

 

Disclaimer: Some posts on this blog have been contributed by other authors.

Author: Sam Charles

Meet Sam, the creator behind UK lifestyle blog, Strawberry Squeeze πŸ“ Sam is a newlywed living in Cornwall studying her PgDip in Strategic Direction and Leadership with the Chartered Management Institute πŸ•πŸ° She's also the Founder + Director of multi-award-winning SEO & PPC agency, Float Digital ✨

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